BTC Latest 4-Hour Market Analysis
Market Overview:
After a period of continuous decline, BTC suddenly rebounded this morning with increased volume, quickly rising from the 99,000 level to a high of 106,050, and currently reported around 105,080. The overall bullish sentiment has significantly strengthened. However, it is currently in a previously dense area of trapped positions, and while market sentiment is warming, the divergence has not dissipated.
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Bearish Pressure
The 10500-10650 range is the focus of previous bullish and bearish battles, with a large number of short-term profit-taking positions and trapped long positions waiting to be released, representing the first strong resistance.
If the price fails to hold above 10500, there may be short-term profit-taking at high levels, leading to a pullback.
The lower EMA7 (103,237) serves as key short-term support; if it breaks, bears will regain control of the pace, and attention should be paid to defending the 101,200 line.
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Bullish Counterattack Opportunity
Currently, the MACD indicator has just turned positive, with short-term funds active, but sustainability remains to be observed.
If BTC can continuously stabilize two 4-hour candlesticks above 10500, there is hope for a challenge at the higher level of the 10700-10800 range.
As long as the lower level of 10300 is not effectively broken, after a pullback, bulls still have a second attack opportunity.
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Operation Suggestions and Levels
Long Position Strategy: Enter lightly in the 10450-10500 range on a pullback, target 10700, and hold if breaking above 10800.
Short Position Strategy: If the price cannot stabilize above 10500 for two consecutive 4-hour candlesticks, consider shorting on a rebound, with the stop loss set above 10650, targeting down to 10300 or even 10120.
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Summary
Currently, BTC bulls have counterattacked, but have not broken through previous resistance areas. The gains or losses at the 10500 level will determine the subsequent market.
Pay attention to the gains and losses at 10500 in the short term; if it breaks above, watch for 10700, and if it breaks below, be cautious of defending 10300 and 10120.
